Mr. See Chin Joo, Executive Director of Kucingko Berhad
Mr. Ooi Kok Hong, Executive Director of Kucingko Berhad
Kucingko Berhad, a leading 2D animation production services provider, is set to debut on the ACE Market of Bursa Malaysia Securities Berhad. The IPO will release approximately 200.0 million ordinary shares, representing 40.0% of the company’s issued shares. Kucingko, based in Malaysia, has completed 59 projects worth RM63.22 million in total during the financial years ending 31 December 2020, 2021, 2022, and the 6-month period ended 30 June 2023. The company generates almost 100% of its revenue from animation production services, primarily in international markets like North America, Europe, and Asia Pacific.
The Group’s Executive Director, Mr. See Chin Joo, expressed excitement about the IPO, stating that it will be the first animation production studio listed on Bursa. He hoped to inspire other Bursa-ready companies in the creative industry to follow suit. The proceeds from the IPO will be used to increase production capacity, deepen its business network in the US, and reinforce market leadership. A significant portion of the proceeds will be allocated towards increasing production capacity by setting up branch offices in Sabah and Sarawak, tapping new talent pools from these states. The expansion also aims to deepen business relationships with existing clients and expand the clientele network in the USA. Part of the proceeds will be used to establish a sales and marketing office in the USA, enabling closer proximity to the largest market and better client management and engagement.
Kenanga Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for Kucingko Berhad.